Type:Notice
Citation:86 FR 6382
Reading Time:about a minute or two
Cboe Exchange, Inc. filed a proposed rule change with the Securities and Exchange Commission (SEC) on November 13, 2020. This change aimed to adjust the electronic volume threshold for continuous quoting requirements for Market-Makers from one calendar quarter to two consecutive quarters. The proposal was published for public comment but received no responses. On January 13, 2021, Cboe withdrew the proposal.
Simple Explanation
Cboe Exchange wanted to change a rule about how Market-Makers have to keep a certain amount of activity online for two quarters instead of one. They asked people what they thought, but no one answered, so they decided not to go ahead with the change.